|Performance after Thursday|
|Week to-date||0.67%||80.4 Pips|
Upcoming key events (London Time)
No further events
What happened lately
📆 🇺🇸 USD Philadelphia Fed Manufacturing Survey in March exceed forecast and improved to -23.2 points compared to previous figure -24.3 points in February. Source
📆 🇺🇸 USD Building Permits (1-mth) in February exceed forecast and rose to 1.524M compared to previous figure 1.339M in January. Source
📆 ☢️ 🇺🇸 USD Retail Control Group in February exceed forecast and dropped to 0.5% compared to previous figure 2.3, revised from 1.7% in January. Source
📆 ☢️ 🇺🇸 USD CPI Inflation Rate excluding Food & Energy sectors (1-mth) in February exceed forecast and rose to 0.5% compared to previous figure 0.4% in January. Source
📆 ☢️ 🇬🇧 GBP ILO Unemployment Rate (3-mth) in January unchanged at 3.7% compared to previous report in December. . Source
What can we expect from GBPUSD today?
GBPUSD on Thursday rose 0.48% to 1.21084. Price is above 9-Day EMA while Stochastic is falling into neutral zone.
Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.20488 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.21275 or trades above daily pivot 1.20881. While to the downside, the daily low of 1.20285 and 1.20488 (S1) as immediate support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.21275 would suggest bullish bias after recent positive movement.
For the week to-date, take note that GBPUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
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